10X Future Technologies Announces $187M Series C Funding

Jun 16, 2021•about 4 years ago

Amount Raised

$187 Million

Round Type

series c

London

Description

10x Future Technologies today announces the completion of an oversubscribed $187 million Series C financing round, co-led by funds managed by BlackRock and Canada Pension Plan Investment Board (CPP Investments) and supported by existing investors JPMorgan Chase, Nationwide, Ping An and Westpac.

Company Information

Company

10x Future Technologies

Location

London, Ontario, Canada

About

10x Future Technologies (10x) is a London-based financial technology company with a mission to move banks from monolithic to next-generation core banking solutions delivered through the world’s most comprehensive and powerful cloud native SaaS bank operating system. With its secure, reliable, scalable and modular core banking platform, 10x supports highly customisable product behaviours and accounting rules, integrates with banks’ wider technology estates and harmonises with local and regional compliance and regulatory requirements. 10x enables banks to deliver products, services and customer experiences to retail and SME customers faster and more cost effectively. 10x was founded in 2016 by Antony Jenkins, former Group CEO of Barclays. Website: www.10xbanking.com

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech